| With four months to go for the emirate’s conventional banks which have opened Islamic banking windows (IBWs) to close them down by Dec. 31, 2011 as per the directive issued in January this year by the Central Bank of Qatar (CBQ), the first such window, Al-Yusr of International Bank of Qatar, has been acquired by the local Barwa Bank, one of the rising stars of the Islamic banking sector there.
Other banks affected include the Al-Islami window of Qatar National Bank (QNB), the largest bank in the emirate; Commercial Bank of Qatar; Doha Bank; HSBC Amanah; Ahli Bank;.............................................Full Article: Source |